You want to invest in a land reclamation project to improve the value of a parcel of

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Question:

You want to invest in a land reclamation project to improve the value of a parcel of land. The land is valued at $

25, 000

today. You are considering investing $

10, 000

into the land today in improvement projects. You plan to move and sell the land in

10

years. You value all investments at a

7.25 %

interest rate.

What must the value of the parcel be in

10

years to make this profitable?

Related Book For answer-question

Managerial Economics A Problem-Solving Approach

ISBN: b00btm8fk0

2nd Edition

Authors: Luke M. Froeb, Brain T. Mccann

See More Books

Posted Date: May 18, 2024 06:19 PM

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You want to invest in a land reclamation project to improve the value of a parcel of

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Managerial Economics A Problem-Solving Approach

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